Culled—Proshare October 31, 2016/Vetiva Research Net loss rises to $98 million in 9M’16 Production tracking close to our 27k boed 2016 estimate Update on alternative evacuation route Re-profiling of term loans to ease cash flow Crude lifting from Forcados terminal TP raised to N282.03 (Prev: N216.15) reflecting improved 2017 outlook […]
Results & Dividends
Guinness Nigeria Plc Q1’17 Results – Fiscal Year Kicks Off Negative, SELL
Culled–Proshare October 31, 2016/CardinalStone Research Guinness Nigeria Plc Q1’17 results – Turnover for Q1’17 increased by 5.9% YoY to N23.0 billion in line with our estimate of a 4.6% YoY growth to N22.0 billion. Gross profit margin however declined markedly to 28.6% from 42.9% in Q1’16, following the sustained weakness […]
Fidelity Bank Grows Deposits to N795.6bn In Nine Months
October 31, 2016/Fidelity Bank Plc Fidelity Bank Plc, one of Nigeria’s highly diversified financial institutions has announced its Unaudited Results, for the 9 months ended 30 September 2016, disclosing that the Bank’s deposit base grew to N795.6 billion in spite of the current economic turmoil. This represents a 3.4 percent […]
